Neutral impactEconomy
How much gold can you keep at home without worrying about seizure? Know what the 500g, 250g and 100g limits mean
Mint 3 hrs ago·6 Sept 2026, 2:00 am
Indian tax laws do not strictly limit the amount of gold an individual can legally own. However, the Income Tax Department imposes a significant burden on taxpayers to prove the legal source of their holdings. While there is no fixed limit, the tax department often uses presumptive limits of 500 grams for married women, 250 grams for unmarried women, and 100 grams for men to assess the source of wealth during assessments.
If a taxpayer cannot provide valid proof of purchase, such as invoices or receipts, the tax department may treat the unexplained gold as undisclosed income. This can lead to a hefty tax demand, interest, and potential penalties. Investors should maintain proper documentation for all gold purchases to ensure a smooth tax assessment process.
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- Category: Economy.
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